Residential Mortgages

At Equitable Bank, we make it a priority to offer our customers a wide range of mortgage products to achieve their goals. To find out which mortgage best suits your lifestyle, what term to choose and more, talk to a broker. A qualified broker can recommend the best solution and offer guidance. You can find a broker through the Mortgage Professionals of Canada (MPC) or through other broker associations.

Mortgages

Getting a mortgage can be both exciting and intimidating but it’s not as daunting as it may appear. Whether you’re looking to buy, invest, or refinance, we’ve got a mortgage plan that will suit your needs. We offer a range of fixed and adjustable rate mortgages with a variety of terms coupled with competitive rates. Because we aim to provide solutions for all types of borrowers, our products also cater to those who are self-employed, have faced bankruptcy, have a below-average credit history, or are new to Canada.

PATH Home Plan

The PATH Home Plan is an equity release (commonly known as a reverse mortgage). It turns a portion of your home equity into an additional source of cash. Meaning you’ll have access to a dependable source of funds – tax and payment free. If you’re a Canadian homeowner who’s 55 years old or over and live in a major urban centre in Ontario, Alberta, or British Columbia, you may be eligible for the PATH Home Plan.

Home Equity Line of Credit (HELOC)

Our HELOC gives you flexible access to your funds any time to help you finance large purchases, home renovations or unexpected home repairs. Or it may simply be your rainy day fund. Whatever the occasion, Equitable Bank is here for you.

With a HELOC, you can:

Combine your first mortgage and HELOC at the same time with Equitable Bank. Or you can apply for a HELOC if you have an existing Equitable Bank mortgage.

Use funds from your Equitable Bank HELOC to pay out your existing mortgage.

Apply any time if you are mortgage-free.

If you are interested in the Equitable Bank HELOC, please contact a professional mortgage broker to get started.